Abraxas Capital The labeled main address reduced its 221100 units of LINK short position and took profits
BIBIBI
AT A GLANCE
The channel stated that the wallet labeled Abraxas Capital main address reduced its 221,098.80 units of LINK short position and took profits.
Article
🐳 【Abraxas Capital Main address】LINK Short position took profit!
💰LINK Reduced short position by 221,098.80 units, equivalent to approximately 2,594,779.15 USD▫️ Position size: 1,363,165.94 USD▫️ Average entry price: 13.61 USD → 13.59 USD▫️ Current profit/loss: +278,398.07 USD (+61.27%)
▫️ Current token price: 11.29 USD▫️ Liquidation price: 1,105.30 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be established on May, and was previously the whale with the largest contract position size on Hyperliquid.November; since then, this address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The original text stated that the LINK short position was reduced by 221,098.80 units, equivalent to approximately 2,594,779.15 USD。
02
The position size listed in the original text was 1,363,165.94 USD。
03
The original text stated that the average entry price changed from 13.61 USD to 13.59 USD, and the current token price was 11.29 USD。
04
The current profit/loss listed in the original text was +278,398.07 USD（+61.27%), and the liquidation price was 1,105.30 USD。
05
The address provided in the original text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The original text stated that this large short position began to be established on May, and that since November this address has continuously taken profits, with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a position that bets on a price decline; “reducing a short position” means decreasing such a position. The channel labeled the relevant wallet as the Abraxas Capital main address and stated that this operation realized partial profits.
Why it matters to readers
This indicates that an address regarded by the channel as a large trader is reducing its LINK short position, which may serve as a clue for monitoring subsequent changes in the address's position.
This is not investment advice. Beginners should first understand short positions, average entry price, unrealized profit/loss, and liquidation price, and note that the address ownership and position data have not been independently verified.
Risks and unknowns
The original text did not provide an independently verifiable on-chain transaction link.
It cannot be confirmed from the original text alone that this address indeed belongs to Abraxas Capital。
It cannot be confirmed from the original text alone whether the position, profit/loss, token price, and liquidation price data are accurate or remain valid.
The original text did not specify the May、November and 920000000 USD corresponding specific years or calculation methodologies.
The original text did not specify the actual impact of this reduction on the price of LINK.
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Related concepts
Short Position
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